Pleo

Founders: Jeppe Rindom, Niccolo Perra
Year Founded: 2015
Location: Copenhagen, Denmark

Pleo is an all-in-one expense management platform for finance teams. Their product helps companies streamline expense reporting, reimbursements, and budgeting.

Key features and capabilities of Pleo include:

Automated Invoice Processing

Pleo’s platform can automatically capture, process, approve, pay, and book invoices, saving finance teams time and reducing errors. Invoices can be uploaded via a dedicated inbox or mobile app, and Pleo’s optical character recognition (OCR) technology populates the data.

Approval Workflows

Pleo allows companies to set up customised approval flows for invoices, ensuring the right people review and sign off on payments. Real-time tracking lets teams see the status of each invoice.

Payments and Cash Flow Management

Pleo offers free local transfers, 2.5% foreign exchange rates, and support for over 50 currencies, enabling businesses to pay suppliers efficiently. Teams can schedule invoice payments and choose when to pay – within 15 days, 30 days, or the due date.

Accounting and Bookkeeping

Pleo integrates with leading accounting platforms like Xero, QuickBooks, and DATEV, allowing finance teams to download data in the required format or export it directly. The platform’s OCR and automation features eliminate manual data entry.

Spending Visibility

Pleo provides a centralised view of all supplier invoices, which can be accessed on mobile or web. Employees can also submit and track invoices through the platform. Pleo serves both finance teams and employees, enabling efficient invoice processing and expense management across the organisation. The platform’s combination of automation, integration, and control has made it a leading expense management tool in Europe.